Issues to resolve before continuing

Tell us how much income you’re looking for when you retire, give us a few
personal details and we’ll let you know if you’re on track. You can
also carry out a quick comparison to see what effect making a few changes to your
retirement plans might make.

The calculator assumes an annuity is used to provide your retirement income. Other retirement options are available which may be more suitable for your individual circumstances. You will find more information about the different options on our website.

We’ve assumed that your investment grows at x%
each year above inflation and that an annual charge of x% is
deducted from your fund. The charges for your plan may be different.

Key Features, together with a personal projection, based on your personal circumstances,
must be provided if a recommendation for an investment product is made.

The calculator gives you an idea of what you could get when you retire. What you
actually get will depend on how your investments perform and could be more or less
than the amounts shown. Please read our
important information
before you start so you understand how the calculator works and the assumptions
we’ve made.

About you

First of all, please tell us a bit about yourself:

The required fields are clearly marked with a *.
Other fields aren’t essential, but will help ensure the accuracy of the information

Your name - You don’t need to tell us, but we can show it on your report.
What’s your name?

Your date of birth - Please let us know your full date of birth in the format DD/MM/YYYY.
When were you born?

Male or female?
Male
Female

Your current salary - Please enter how much you earn each year, before tax or any
other deductions.
What’s your current salary?

Minimum retirement age - The earliest you can access your pension is 55. The maximum age you can access your pension is 75. The State pension age is the earliest age at which you can claim your State pension. It is currently 65 for men and 60 for women. However, the State pension age is changing and will increase every decade up until 2046. If you want to include the new State pension in your results, we will ask if you want to change your chosen retirement age if it is lower than your new State pension age.
What age do you want to retire at?

Your contributions

Contributions you make to a pension will normally receive basic rate tax relief, even if you don’t pay tax.
For every £1 you invest, the taxman can put in another 25 pence. Higher rate tax payers may be able to claim extra tax relief.
There’s no tax relief on your employer’s contributions.

Your target income in retirement

The monthly amount you’ll need when you retire is likely to reduce once your
mortgage is paid off and your children might’ve left home, if you have any.
But how much do you think you’ll need to live the lifestyle you want?

The required fields are clearly marked with a *.
Other fields aren’t essential, but will help ensure the accuracy of the information

Your target income - Please select either a fixed monetary amount or a percentage
of your current salary. Work out how much income you’ll need each month, in
today’s terms, when you retire. This means, basing it on today’s prices
how much you could buy with your pension if it were payable today.
Your target monthly income when you retire, in today’s terms
£
%

A pension for your spouse or partner - Choose this option if you’d like to
provide for a spouse or partner in the event of your death during retirement. We’ll
assume that 50% of your pension is paid to them.
Would you like to provide a pension for your spouse or partner?
Yes
No

New State pension - We’ll assume a you qualify for the full single person’s State
pension. For more information about the new State pension please visit www.direct.gov.uk
Would you like to include the new State pension in your results?
Yes
No

Results

Here you’ll find details of what you could receive in retirement in today’s
terms. This is based on today’s prices and how much you could buy with your
pension if it were payable today.

Benefits from a pension will normally be paid as a tax free lump sum and/or
as a regular income for the rest of your life.

You can use our comparison tool to see how changes to your details can affect your
retirement benefits.

Projected tax free cash

Projected monthly income vs target monthly income

Benefits at chosen retirement age

Original details

Comparison

Existing pension fund

.txtTotal_ExistingSavings

.txtTotal_ExistingSavings

Future savings

.txtTotal_FutureSavings

.txtTotal_FutureSavings

Projected tax-free cash

.txtProjTFC

.txtProjTFC

Your projected monthly income

.txtIncomeatretirement

.txtIncomeatretirement

Your target monthly income

.txtTargetIncome

.txtTargetIncome

Projected income shortfall/surplus

.txtShortfall

.txtShortfall

Assumed annual charge

x%

x%

Assumed growth rate each year above inflation

.txtRPI%

.txtRPI%

Assumed interest rate when you retire

.txtInterestRate%

.txtInterestRate%

Assumed future inflation rate each year

.txtRPI%

.txtRPI%

This is based on...

Original details

Comparison

Retirement age

.txtChosenretirementage

.txtChosenretirementage

Tax-free cash amount

.txtTFC

.txtTFC

Your contribution

.txtEmployeeContStr

.txtEmployeeContStr

Your employer’s contribution

.txtEmployerContStr

.txtEmployerContStr

One off contribution

.txtSPContStr

.txtSPContStr

Include new State pension, assuming you qualify for the full single person’s
new State pension. For more information about the new State pension please visit www.direct.gov.uk.

.txtIncStatePension

.txtIncStatePension

Include 50% spouse’s pension

.txtIncPensionForSpouse

.txtIncPensionForSpouse

You can change the following options to see how it affects
your projected income

Minimum retirement age - The earliest you can access your pension is 55. The maximum age you can access your pension is 75. The State pension age is the earliest age at which you can claim your State pension. It is currently 65 for men and 60 for women. However, the State pension age is changing and will increase every decade up until 2046. If you want to include the new State pension in your results, we will ask if you want to change your chosen retirement age if it is lower than your new State pension age.
What age do you want to retire at?

Single contribution - Please enter the amount you would like to make as a one-off contribution.
One-off contribution

Your Amount

The government pays

Total

A pension for your spouse or partner - Choose this option if you’d like to
provide for a spouse or partner in the event of your death during retirement. We’ll
assume that 50% of your pension is paid to them.
Would you like to provide a pension for your spouse or partner?
Yes
No

New State pension - We’ll assume a you qualify for the full single person’s State
pension. For more information about the new State pension please visit www.direct.gov.uk
Would you like to include the new State pension in your results?
Yes
No

You can create a report summarising the information by clicking on the 'Create report' link below.

If you create a report, a PDF file is generated and stored on a secure server managed by our third party service provider, Open Platform Ltd.

This file is only accessible by using the unique link created at the time you generate the report. The file will be permanently deleted after a short period of time, no longer than 48h after being created.

Due to the sensitive nature of the data contained in the report, we advise that you do not access it using use a public computer or share the link with anyone.

Created reports

The reports you’ve created are shown below. Click on the link to view them
or use right-click to save to your computer.